This will be my 40TH SPP play I will be doing (pending record date v's trade price to issue price)..
In a nut shell, im on a 80% success strike rate meaning I have made a profit 80% of the time with SPP plays !
For the record, the RECORD DATE for MAK is Friday 12th June
That means, you have until TUESDAY 9th June to buy the stock. Tuesday 9th JUNE is the LAST DAY to buy the stock to be eligible for the SPP.
If you are NOT a holder and want to limit your risk, then do NOT buy until Tuesday 9th June. IF the price is in the money, the buy a minimum holiding (one share)
IF it is way below the issue price of 43 on Tuesday 12th June.. then risk v reward will suggest do NOT buy it !
Key dates: ** 9th June (last day to buy, trade will settle on record date 12th June) ** Issue price is 43c so look at the price at 9th June to see if you are way IN or OUT of the money o this date
Other SPP plays in the money GNC issue price $6.25, last trade $7.10 (offer now closed) FMS issue price 5.3c, last trade 5.5c (last day for offer today) MAK issue price 43c, (refer above thread for details)
Hope this helps
AEV Price at posting:
53.9¢ Sentiment: Buy Disclosure: Held
